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<DIV Style= SpeakingSpeaking at the at opening the opening of the of event, the event, Minister Minister of Finance of Finance Samir Samir Sharifov Sharifov gave gave detailed detailed informationinformation on on the the establishment establishment and and application application of of automated automated information information system system for for Financial Financial and and AccountingAccounting Statements Statements of Budget-funded of Budget-funded Organizations Organizations within within the Corporatethe Corporate and and Public Public Sector Sector AccountabilityAccountability Project Project jointly jointly implemented implemented by by the the Ministry Ministry of of Finance Finance and and the the World World Bank. Bank. According According to to him, important accounting system improvement measures were taken in the country alongside with the economiceconomic growth growth achieved achieved due dueto the to success the success of the of policy the policy carried carried out under out under the leadership the leadership of of PresidentPresident Ilham Ilham Aliyev. Aliyev. Moreover, Moreover, the the conversion conversion to to International International Financial Financial Reporting Reporting Standards Standards was was achievedachieved within within short short period period of of time time through through establishing establishing necessary necessary legal legal framework, framework, developing developing and and presentingpresenting in in accordance accordance with with the the international international standards standards financial financial reports reports for for accounting accounting subject subject area. area. S.S. Sharifov Sharifov analyzed analyzed the the whole whole process, process, including including the the acceptance acceptance of of three-year three-year financial financial statements, statements, andand noted noted the the importance importance of implementing of implementing new new urgent urgent measures measures in this in this field. field. “There “There is a is need a need to to automateautomate processes processes for developing, for developing, accepting accepting and and analyzing analyzing financial financial reports reports formed formed based based on on internationalinternational and national and national standards standards for accounting for accounting area, area, as well as as well develop as develop single single database database statements,”- he added. AccordingAccording to Minister to Minister Sharifov, Sharifov, automated automated information information system system for for Financial Financial and and Accounting Accounting StatementsStatements of Budget-funded of Budget-funded Organizations Organizations was appliedwas applied at the at Ministry the Ministry of Finance of Finance and 4 and pilot 4 pilot universities,universities, including including Baku Baku State State University, University, Azerbaijan Azerbaijan Technical Technical University, University, Academy Academy of Public of Public AdministrationAdministration under under the the President President of Azerbaijan of Azerbaijan Republic Republic and and Khazar Khazar University. University. Moreover, Moreover, it is it is planningplanning to to expand expand the the application application of of the the system system in in the the near near future. future. According According to to the the Minister, Minister, the the first first stage of the system will cover 35 higher education institutions and 4 ministries. Speaking at the event, Education Minister Misir Mardanov noted that the application of automated informationinformation system system for for Financial Financial and and Accounting Accounting Statements Statements of of Budget-funded Budget-funded Organizations Organizations should should be be estimatedestimated as as one one of of the the steps steps taken taken in in the the country country within within the the execution execution of of orders orders and and instructions instructions of of PresidentPresident Ilham Ilham Aliyev Aliyev regarding regarding the establishmentthe establishment of Electronic of Electronic Government Government and and expansion expansion of of electronic services.Mr.Mr. Mardanov Mardanov also also talked talked about about the the importance importance of of the the new new system, system, the the progress progress made in the field of higher education funding, as well as responsibilities laid upon universities regarding the application of the new system. Rector of Baku State University Abel Maharramov, rector of Azerbaijan Technical University Havar Mammadov,Mammadov, founder founder of of Khazar Khazar University University Hamlet Hamlet Isakhanli Isakhanli and and others others made made a speecha speech at at the the event. event. They underlined the importance of establishing and applying modern accounting system in the country, andand gave gave information information on on the the achieved achieved results. results. According According to to them, them, the the application application of of the the new new system system creates an opportunity for each organization for operational analysis, and the automation of accounting areaarea at at institutions institutions based based on on international international and and national national standards standards provides provides the the automation automation of of financial financial reporting and its timely submission. HeadHead of of“Sinam” “Sinam” company company Elchin Elchin Aliyev Aliyev gave gave information information about about the the functional functional and and technical technical propertiesproperties of ofthe the system system noting noting software software features features were were created created based based on on the the “Institution “Institution Resource Resource ManagementManagement Systems” Systems” and and provides provides the the automation automation and and management management of of all all types types of of financial financial and and economic activities of the institution. According to E. Aliyev, the system contains the following modules: “Accounting“Accounting for for inventory”, inventory”, “Accounting “Accounting for for fixed fixed assets”, assets”, “Cash “Cash and and bank bank transactions”, transactions”, “Salary”, “Salary”, “Financial Statements” and “Personnel records.” FurtherFurther the the event event was was continued continued with with the the exchange exchange of of views views regarding regarding the the positive positive results results of of automated information system introduction. Powered by TCPDF (www.tcpdf.org) Powered by TCPDF (www.tcpdf.org) 1 / 1.
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